Company

Petronet LNG Limited, one of the fastest growing world-class companies in the Indian energy sector, has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat, and another terminal at Kochi, Kerala. While the Dahej terminal has a nominal capacity of 15 MMTPA, which is being expanded to 17.5 MMTPA, the Kochi terminal has a capacity of 5 MMTPA. The company is also exploring suitable opportunities within and outside India to expand its business presence.

Natural Gas

Natural Gas consists mainly of Methane and small amounts of ethane, propane and butane. It is transported through pipelines but is extremely bulky. A high-pressure gas pipeline can transport in a day only about one-fifth of the energy that can be transported through an oil pipeline.

Terminals

The Company had set up South East Asia's first LNG Receiving and Regasification Terminal with an original nameplate capacity of 5 MMTPA at Dahej, Gujarat. The infrastructure was developed in the shortest possible time and at a benchmark cost. The capacity of the terminal has been expanded in phases which is currently 15 MMTPA and the same is under expansion to 17.5 MMTPA. The terminal has 6 LNG storage tanks and other vaporization facilities. The terminal is meeting around 40% of the total gas demand of the country.

CSR

Petronet LNG, as responsible Corporate/Community/Government Citizens, undertake Socio-Economic Development Programme
to supplement the efforts to meet priority needs of the community with the aim to help them become self-reliant.
These efforts would be generally around our work centres mostly in the areas of Education, Civil Infrastructure,
Healthcare, Sports & Culture, Entrepreneurship in the Community. Petronet LNG also support Water Management and
Disaster Relief in the country thereby help to bolster its image with key stakeholders.

Media Centre

Four of the top public sector companies of the country's Hydrocarbon Sector viz. Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and GAIL (India) Limited (GAIL) have invested in Petronet LNG. Each has a 12.5% equity share, leading to a total of 50% for the four.

Four of the top public sector companies of the country's Hydrocarbon Sector viz. Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and GAIL (India) Limited (GAIL) have invested in Petronet LNG. Each has a 12.5% equity share, leading to a total of 50% for the four.

During the year ended March 31, 2016, the Dahej terminal processed 566 TBTUs, which translates into a capacity utilisation of 111%. Kochi terminal, however, due to lack of pipelines, handled only 14 TBTUs of LNG including the reload sales and primarily served one major consumer in the vicinity of the terminal,i.e., Kochi refinery.

Profit before tax for the financial year was Rs 1200 Crore as against Rs 985 Crore for the previous financial year. The throughput during the year has increased by about 9% over the previous year despite low off take volumes under Long Term agreement on account of higher LNG rates till December’2015. Increased throughput is achieved at Dahej terminal by increasing spot and regas LNG Cargos.

The Company achieved following significant milestones during the year:

Highest ever quantity processed at Dahej since inception of the company.

Adjustment in the pricing formula in existing long term LNG SPA of 7.5 MTA with RasGas Company Limited, Qatar linking with current market.

New sale and purchase agreement (SPA) for supply of an additional 1 MTA of LNG to India started in Jan.’2016 RasGas Company Limited, Qatar.

The work for expansion of Dahej LNG terminal from 10 MMTPA to 15 MMTPA is going on as per schedule and it is expected that this capacity expansion will be completed before end of the year 2016.

The Board of Directors has also recommended a dividend of Rs. 2.5 per equity share of Rs 10 each (25%) for the year 2015-16 subject to the approval of the shareholders.